Hoskinson met with Ripple CEO, signalling a potential partnership.
He stated that Cardano wallet would continue its multichain journey with supporting XRP until the end of 2025.
Hoskinson predicted that the Fed would cut interest rates, and then the CLARITY Act would come.
Cardano founder Charles Hoskinson has broken his silence on a potential collaboration with Ripple. In his latest Ask Me Anything (AMA) session on YouTube, Hoskinson revealed that he met with Ripple CEO Brad Garlinghouse and had a “great” conversation. Could this be the inception of a new partnership?
Hoskinson’s Step Towards XRP & Ripple
Cardano founder revealed that he joined a roundtable with the Federal Reserve, Chainlink Co-Founder Sergey Nazarov, Solana Co-Founder Anatoly Yakovenko, Ilya from Near Protocol, and Ripple’s Garlinghouse. His discussion with other leaders was mainly focused on how different blockchain projects could work together in the future.
Hoskinson’s remarks suggested that Cardano and Ripple might explore ways to connect their platforms and communities.
He said, “I had a great conversation with Brad (Garlinghouse) about XRP. Lace (Cardano wallet) will support XRP until the end of the year. I’d love to do a joint event with some of the XRP guys, maybe John Deaton and a few others.”
He confirmed that the wallet would continue its multichain journey with XRP until the end of 2025, allowing users to store, send, and receive XRP through the Cardano blockchain wallet. This development is a part of Cardano’s broader strategy, which has already included assets like Bitcoin.
Shift in Hoskinson’s Stance on XRP
Before the disclosure of the new possible collaboration, there was a long-standing feud between Hoskinson and the XRP community. In late 2023, Hoskinson reaffirmed his stance against any possible partnership with XRP, calling the community “toxic and petty.” He also accused the members of XRP of harassing him.
However, he later publicly apologized to the XRP community while also expressing the desire to collaborate. Earlier this year, Hoskinson defended the inclusion of XRP in the US strategic reserve. He also favorably spoke about Ripple’s potential purchase of stablecoin giant Circle.
Cardano Founder’s Views on CLARITY and Interest Rate
In his podcast, Hoskinson predicted that the Fed would cut interest rates, and then the CLARITY Act would come. He expressed, “The CLARITY Act is coming along very well, with a comprehensive draft likely by the end of September and hopefully signed into law in October.”
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
Lace is a multichain wallet from Cardano. It will continue its journey of supporting various assets by adding support for XRP by the end of 2025.
Yes, Lace Wallet will support XRP until the end of 2025 for storing, sending, and receiving tokens.
He expects a comprehensive CLARITY Act draft by September’s end and potential signing in October.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.